Allotment of 30246530 equity shares pursuant to conversion of outstanding amount of unsecured loan
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Panth Infinity Ltd has allotted 3,02,46,530 equity shares of face value ₹10 each at an issue price of ₹10.85 per share (including a ₹0.85 premium), on a preferential basis, to four non-promoter body corporates. This was done to convert outstanding unsecured loans of about ₹32.82 crore into equity. The four allottees are Bhavishya Ecommerce, Gromo Trading, Samyak Enterprise, and Shital Trade Link — all new shareholders with no prior holding. Post-issue, Samyak Enterprise will hold 17.40%, Gromo Trading 16.79%, Shital Trade Link 12.81%, and Bhavishya Ecommerce 7.84% in the company. The allotments were approved by the board on February 20, 2026, after earlier shareholder approval in October 2025 and BSE in-principle approval in February 2026.
This moves about ₹32.82 crore of debt off the company's balance sheet and converts lenders into equity holders, which can strengthen the balance sheet but significantly dilutes existing shareholders given the large number of new shares being issued at only a small premium to face value.